# Suppose demand and supply are given by QXd = 14 – (1/2)PX and QXs = (1/4)PX – 1 Instructions: Round.

Suppose demand and supply are given by QXd = 14 – (1/2)PX and QXs = (1/4)PX – 1 Instructions: Round your answers to the nearest whole number. a. Determine the equilibrium price and quantity. Show the equilibrium graphically. Equilibrium price: \$ Equilibrium quantity: Instruction: Use the tools provided to graph the inverse supply function ‘S’ and the inverse demand function ‘D’ from X = 0 to X = 6 (two points total for each) and indicate the equilibrium point. b. Suppose a \$12 excise tax is imposed on the good. Determine the new equilibrium price and quantity. Equilibrium price: \$ Equilibrium

Suppose demand and supply are given by QXd = 14 – (1/2)PX and QXs = (1/4)PX – 1 Instructions: Round your answers to the nearest whole number. a. Determine the equilibrium price and quantity. Show the equilibrium graphically. Equilibrium price: \$ Equilibrium quantity: Instruction: Use the tools provided to graph the inverse supply function ‘S’ and the inverse demand function ‘D’ from X = 0 to X = 6 (two points total for each) and indicate the equilibrium point. b. Suppose a \$12 excise tax is imposed on the good. Determine the new equilibrium price and quantity. Equilibrium price: \$ Equilibrium quantity: c. How much tax revenue does the government earn with the \$12 tax? \$ check my workreferencesebook

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.